Tucson Mortgage Rates, Fees & Info

TUCSON, AZ

LEI: 549300YJD6GFEQBIEF90

Tax ID: 86-0098798

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Mortgage Data

Review & Overview

Tucson is a smaller mortgage company specializing in Home Improvement and Refi loans. Tucson has a high proportion of conventional loans. Their top two markets are Tucson and Phoenix .

Tucson has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

178

Origination Dollar Volume (All Markets)

$9,280,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
TUCSON, AZ (FHA|USDA|VA) 173 $8,985,000 $51,936 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $295,000 $59,000 $0 0.00%
Tucson's top markets include Tucson and Phoenix among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $9,280,000 $52,135 $0 0.00%

    For 2018, Tucson's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 106 $4,060,000 $38,302 $0 0.00%
    Refi 72 $5,220,000 $72,500 $0 0.00%

    For 2018, Tucson's most frequently cited loan purpose was Home Improvement, with 106 originations. The 2nd most popular reason was Refi, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 178 $9,280,000 $52,135 $0 0.00%

    For 2018, Tucson's most frequently cited loan duration was Other, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 165 $7,225,000 $43,788 $0 0.00%
    $100k-200k 10 $1,350,000 $135,000 $0 0.00%
    $200k-400k 3 $705,000 $235,000 $0 0.00%

    2018 saw Tucson place emphasis on $100,000 or less loans with 165 originations, totaling $7,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $2,365,000 $43,000 $0 0.00%
    $50k-75k 43 $2,205,000 $51,279 $0 0.00%
    $100k-150k 34 $1,750,000 $51,471 $0 0.00%
    $75k-100k 30 $1,450,000 $48,333 $0 0.00%
    $150k-250k 14 $1,370,000 $97,857 $0 0.00%
    $250k+ 2 $140,000 $70,000 $0 0.00%

    Tucson lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 178 $9,280,000 $52,135 $0 0.00%

    Tucson lent most frequently to those with DTI ratios of Exempt%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 156 $7,980,000 $51,154 $0 0.00%
    Not provided 8 $340,000 $42,500 $0 0.00%
    Asian 2 $300,000 $150,000 $0 0.00%
    American Indian 4 $200,000 $50,000 $0 0.00%
    Chinese 1 $155,000 $155,000 $0 0.00%
    Black 4 $120,000 $30,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%
    Not applicable 1 $55,000 $55,000 $0 0.00%
    Japanese 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.59%

    Tucson has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.26%

    Tucson has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 178 $9,280,000 $52,135

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 178 $9,280,000 $52,135